October jobs take a hit from hurricanes, strike

This month's report reflects a lot of noise due to hurricanes, Boeing machinists strike.

Politics - CBS News - 4 hours ago

October jobs forecast shaved to 110,000 after Boeing strike and hurricanes

The final U.S. jobs report before the presidential election is expected to be a crummy one, but it’s not Washington’s doing. Instead, a major strike at Boeing and a pair of deadly hurricanes would ...

Business - MarketWatch - Yesterday

U.S. job growth in October hampered by hurricanes and Boeing strike

The Labor Department has released October's jobs report with employment growth slowed during the month due to Hurricanes Milton and Helene along with the Boeing strike. CBS News MoneyWatch ...

US adds just 12,000 jobs as hurricanes and strikes produce worst report of Biden’s term

October figure far below average forecast of 100,000 job gains and comes just four days before US election

Business - Financial Times - 4 minutes ago

U.S. economy added just 12,000 jobs in October, impacted by hurricanes, Boeing strike

Nonfarm payrolls were expected to increase by 100,000 in October, according to the Dow Jones consensus estimate.

Business - CNBC - 2 hours ago

U.S. added just 12,000 jobs in October, reflecting impact of strikes and 2 devastating hurricanes

The U.S. added just 12,000 jobs last month, a figure economists say was impacted by two hurricanes and a strike.

Job growth stalls at 12,000 in October after hurricanes upend Southeast

The U.S. added 12,000 jobs and the jobless rate stayed flat at 4.1 percent in October, according to data released Friday by the Labor Department, upending a string of strong economic data leading ...

Politics - The Hill - 4 hours ago

Storms and Strikes Take a Toll on Pre-election Jobs Report

U.S. payrolls grew by only 12,000 in October, a figure that left markets placid but fueled political contention. Unemployment remained 4.1 percent.

Business - The New York Times - 25 minutes ago

Postal Service: Restoring service in hurricane-hit areas may take 'some time'

Officials for the United States Postal Service gave an update Wednesday on recovery efforts following hurricanes Helene and Milton, saying that restoring full service in affected areas may take ...

Politics - The Hill - October 23

EU markets watchdog pushes for extra cyber defences in new crypto rules

Esma asks for amendment to tighten regulation with demand for external audits of defences against hackers

World - Financial Times - October 16

How big is ‘big enough’ for China’s stimulus?

Some estimates and theories

World - Financial Times - October 16

Hollywood production falls below strike levels as reality TV takes massive hit

Production levels in the Greater Los Angeles area in the third quarter of 2024 were 5% lower than they were during the strikes, according to FilmLA.

Entertainment - Los Angeles Times - October 16

Gallerist Atsuko Ninagawa on how to navigate Tokyo’s art scene

A tour of the city’s cultural highlights with the co-founder and director of Art Week Tokyo

World - Financial Times - 3 days ago

Reeves’ Budget measures risk hitting ‘working people’, analysts say

Some businesses will struggle with tax rises alongside a higher minimum wage and new labour laws

World - Financial Times - 3 days ago

Employers Added Just 12,000 Jobs in October — but There’s a Catch

Storms and strikes are complicating the true picture of the labor market, economists say. Nonetheless, there’s still evidence of a gradual cooling.

Business - Inc. - 4 hours ago

Here’s where the jobs are for October 2024 – in one chart

The jobs report for October came in much weaker than expected, and employment growth across different industries painted a mixed picture for the U.S. economy.

Business - CNBC - 45 minutes ago

Boeing takes a hit

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Boeing posts $6B loss ahead of union vote On Wednesday morning, Boeing reported ...

Politics - The Hill - October 23

Waves of rocket fire from Lebanon hit Israel, killing 7 in deadliest strikes since Israeli invasion

Israeli authorities say rocket barrages fired from Lebanon have killed seven people in northern Israel

World - ABC News - 23 hours ago

Hurricane Oscar hits Cuba as it struggles with power outage

Millions of people are still without power, with food rotting in fridges and no water supply in many homes.

US adds only 12,000 jobs in October in final report before election

Average monthly job gains in 2024 had been about 200,000, but new figures affected by Boeing strike and hurricanes. The US added just 12,000 jobs in October, the last snapshot of the employment ...

World - The Guardian - 4 hours ago

U.S. economy adds 12,000 jobs in October, unemployment rate stays at 4.1%

The U.S. economy added 12,000 jobs during October, significantly less than expected. The unemployment rate held steady at 4.1%. NBC News’ Brian Cheung and Investopedia’s Editor-in-Chief Caleb ...

Bond traders shake off weak job gains for October, send 10-year yield higher

Long-dated Treasury yields turned higher into Friday afternoon trading as traders looked past October’s nonfarm payrolls report, which came in well below expectations.

Business - MarketWatch - 1 hour ago

Biden going on campaign trail after weak October jobs report

President Biden will head back out on the campaign trail over the weekend after a rough week for his administration that began with backlash over Mr. Biden appearing to call Trump supporters ...

Biden tours hurricane-hit Florida, announces $612M in resiliency projects for state

President Joe Biden is touring Florida areas ravaged by the back-to-back hurricanes and to announce funding for projects that strengthen the electrical grid.

Hurricane Milton payouts likely to hit $36bn, according to risk modellers

Storm underlines growing risks from extreme weather to southern states in US

Business - Financial Times - October 15

For Entrepreneurs Hit by Hurricanes Helene and Milton, Tax Relief Is Here

The IRS extends its October 15 deadline for storm victims and reminds taxpayers about casualty loss deductions available.

Business - Inc. - October 15

Oscar weakens to tropical storm after hitting Cuba as a Category 1 hurricane

Hurricane Oscar made landfall Sunday evening on the northern coast of east Cuba before it weakened to a tropical storm as it moved across the island, according to the National Hurricane Center.

HCA Healthcare’s stock slides 9% after earnings are weighed down by Hurricane Helene

HCA is expecting Hurricane Helene’s impact on facilities in North Carolina and Hurricane Milton’s impact on facilities in Florida in October to shave 60 cents to 90 cents off fourth-quarter EPS.

Business - MarketWatch - October 25

U.S. industrial output falls in September, held down by Boeing strike and hurricanes

U.S. industrial production fell 0.3% in September, held down by the strike at Boeing Co and by the two recent hurricanes, the Federal Reserve reported Thursday.

Business - MarketWatch - October 17

Eye Opener: Recovery from Hurricane Milton ongoing

Days after Hurricane Milton made landfall on Florida's west coast, people are still picking up the pieces. Meanwhile, a man with guns is arrested near a Trump rally in California. All that and all ...

From hurricanes to injuries: The Bucs have leaned on 'resiliency'

Tampa Bay was hit with two hurricanes in a 14-day span, but Todd Bowles' calm has helped keep team focused.

Sports - ESPN - October 21

Warning 'pain' of tax hikes to hit jobs and pay rises

The chancellor says businesses will "contribute more" as she raises employer National Insurance to 15%.

Charities, universities and GPs warn NI tax rise will hit jobs and services

Funding boost will be wiped out by cost of meeting higher employer levy, say contracted service providers and education bodies

Business - Financial Times - 6 hours ago

Boeing strike will dent last jobs report before election

Some 44,000 U.S. workers, most at Boeing, were on strike during the jobs report tally, according to the U.S. Labor Department.

Business - CNBC - 22 hours ago

Private job creation totaled a stunning 233,000 in October, far more than expected, ADP says

ADP said it was the best month for job creation since July 2023.

Business - CNBC - 2 days ago

Private job creation totaled a stunning 233,000 in October, far more than expected, ADP says

Private-job creation burst to its highest level in more than a year during October, despite a devastating storm season in the Southeast and major labor disruptions, ADP reported Wednesday.

The October jobs report comes at a crucial moment — but don’t expect clear answers on the economy

Job gains in October will likely be dragged down by one-off events like Hurricane Milton and the Boeing strike. Here’s how that could muddy the waters for investors and the Fed.

Business - MarketWatch - Yesterday

Latest in October jobs take a hit from hurricanes, strike